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Finance 31/10/2014 Uzbekistan and IDB sign loan agreement for US$100m
Uzbekistan and IDB sign loan agreement for US$100m
Tashkent, Uzbekistan (UzDaily.com) -- Uzbekistan and Islamic Development Bank (IDB) signed a loan agreement on financing project “Construction of Modern Rural Housing Project” for US$100 million.

The signing ceremony was held in Tashkent within a roundtable dedicated to cooperation of Uzbekistan and members of Arab Coordination Group.

Representatives of the Islamic Development Bank, Saudi Fund for Development, Kuwait Fund for Arab Economic Development Fund, the OPEC Fund for International Development, and Abu Dhabi Fund for Development are attending the event.

The Uzbek side presented some 25 perspective projects for total sum of over US$1.6 billion in such areas as energy, road infrastructure, communal services, education, ecology, agriculture infrastructure, others.

The sides considered opportunities of financing of these projects by Arab Coordination Group.

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